# Jindal Poly Films acquires Global Nonwovens

Jindal Poly Films Ltd has purchased 100% shareholding of Global Nonwovens Limited (GNL) via a Share Purchase Agreement, making GNL a wholly owned subsidiary. The target company deals in non-woven items for industrial applications.

- Type: Acquisition
- Announced: 2023-03-27
- Where: India
- Status: completed
- Products: non-woven items for industrial applications
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Jindal Poly Films](https://endata.com/companies/24599.md) (acquirer)
- [Global Nonwovens](https://endata.com/companies/69361.md) (target)

## Sources

- [equitybulls.com](https://www.equitybulls.com/news/329458/jindal-poly-films-ltd-acquires-global-nonwovens-ltd), 2023-03-27: "Jindal Poly Films Ltd has announced that pursuant to the Share Purchase Agreement entered with HENKO COMMODITIES PVT.LTD. on 27th March, 2023, the Company has purchased 100% shareholding of Global Nonwovens Limited (GNL), consequent to which, GNL will become a Wholly Owned Subsidiary of the Company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.